We are excited to announce that Virginia Bio Connect has launched the first centralized asset resource portal VABIOCONNECT.ORG! This portal is your destination for Virginia’s life sciences resources, jobs, and events. It’s a place to connect and follow people and organizations from the ecosystem. Visit https://vabioconnect.org/ and create your profile today!
MEDA Angels is pleased to announce that it has entered into a Partnership with Tech Coast Angels (TCA) of Southern California. TCA, founded in 1997, is a leading source of angel investor funding of seed-stage and early-stage companies. It has invested more than $255 million in more than 500 companies and has helped attract more than $1.7 billion in additional capital/follow-on rounds.
MEDA Angels, an angel investor group established in 2019, was founded by seasoned physician- and scientist-investors. Its healthcare-centric membership includes 50+ physicians, scientists, and other healthcare experts, as well as legal, financial, and regulatory professionals. Since its inception, MEDA Angels has invested in 12 companies, totaling nearly $2 million. With one exit providing a 2x ROI & 80% IRR, the unrealized gains from its existing portfolio investments stand at 1.9x ROI and 86% IRR.
WHEN: Today, Wednesday, March 30, 2022
WHERE: CNBC’s “Healthy Returns Summit: Reality, Recovery and Opportunity”
Following is the unofficial transcript of a CNBC interview with Johnson & Johnson CEO Joaquin Duato and CNBC’s Senior Health & Science Reporter Meg Tirrell live during CNBC’s “Healthy Returns Summit: Reality, Recovery and Opportunity” today, Wednesday, March 30th.
Image: https://www.jnj.com/leadership/joaquin-duato
Researchers say the sensor combines accuracy levels approaching that of PCR testing with the speed of rapid antigen tests, and could be used for mass testing at airports, schools, and hospitals
Catherine Graham March 29, 2022
A COVID-19 sensor developed at Johns Hopkins University could revolutionize virus testing by adding accuracy and speed to a process that frustrated many during the pandemic.
In a new study published today in Nano Letters, the researchers describe the sensor, which requires no sample preparation and minimal operator expertise, offering a strong advantage over existing testing methods, especially for population-wide testing.
President Joe Biden didn’t forget research today, when he submitted to Congress a 2023 budget request that calls for a 9.5% increase in domestic discretionary spending. Biden is asking for a 19% increase at the National Science Foundation (NSF), a 9.6% boost for the National Institutes of Health (NIH), 4.5% more for the Department of Energy’s (DOE’s) Office of Science, and a 5% hike for NASA’s science missions. Once again, fighting climate change and boosting sustainable energy technologies also rank high among Biden’s research priorities.
Image: https://www.whitehouse.gov/administration/president-biden/
As increasing effort and attention gets spent on making entrepreneur ecosystems more inclusive and diverse, women entrepreneurs still face challenges that their male counterparts may not.
That might include imposter syndrome stemming from being the only woman or person of color in a room of investors. It might mean few available business-building resources, or connections to those resources. Or a first-time entrepreneur might also be balancing uneven family responsibilities or taking care of a newborn.
Image: Startup Grind Maryland’s March event speakers. (Image via startupgrind.com)
For venture capital, more money has led to new challenges. With U.S. venture smashing records for funds raised and funds deployed in 2021, the sector has become more competitive on both sides of the table: Entrepreneurs are able to be more selective about who they invite onto their cap tables, and VCs are fielding increased demand from limited partners (LPs) who want access to venture deals at earlier stages.
What does this mean for the future of the U.S. venture ecosystem? One place to look for new trends is the formation of first funds by new venture firms, which are developing unique strategies to compete for early-stage deals.
Image: https://carta.com/
These free 1:1 virtual sessions are an opportunity to discuss your company with experts in diagnostics, therapeutics, digital health and medical devices. If you’re a growth-stage biohealth company looking for unbiased advice on your pitch deck, commercialization strategy, evidence development or entrepreneurial challenges, our EIRs can help.
To sign-up for any of the EIR dates in 2022, please follow this link.
Innovation is a principal driver of U.S. economic growth. In 2022, the U.S. will spend nearly $600 billion on research and development — more than any other country in the world and more than 25% of the world’s total — helping the nation rank third on the Global Innovation Index. According to the results of the ranking, knowledge and technology outputs are America’s particular strengths. Some of the biggest innovations the U.S. has produced recently are the COVID-19 vaccines.
Image: https://wallethub.com
MedTech Innovator is the largest and highest performing accelerator of medical technology in the world and the medtech industry’s premiere showcase and competition for innovative medical device, digital health and diagnostic companies.
